If the experts’ predictions are correct, it will be the first time since 2014 that the Riksbank comes up with a double interest rate cut.
The economists at Swedbank, SEB and Nordea have for quite some time pointed out that an interest rate cut of 0.5 percentage points to 2.75 per cent is likely in November. In recent weeks, they have received support from their colleagues at Handelsbanken, DNB and Danske Bank.
It is also in line with that of the Riksbank outlined when they cut the key interest rate by 0.24 percentage points in September.
The experts also expect a further interest rate cut of 0.25 percentage points in December.
The reason why the experts expect interest rate cuts is that the price increase since this summer has fallen below the inflation target. Swedish GDP also fell in both the second and third quarters.
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